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According to a FOX News report, apart from Satyam, two IP intrusions have been reported from China, and there have been six intrusions in all.

Investigators say that the software, which operates through a method known as keystroke logging, enabled every character typed on a keyboard to be transmitted to a still-unknown location via the Internet.

Upon its discovery, bank officials shut off the data link between Washington and Chennai, where Satyam has long operated the bank’s sole offshore computer center responsible for all of the bank’s financial and human resources information. The Times of India writes-

“I want them off the premises now,” World Bank President Robert Zoellick reportedly told his deputies. But at the urging of CIO De Poerck, Satyam employees remained at the bank as recently as October 1 while it engaged in “knowledge transfer” with two new India-based contractors.

Satyam is publicly listed on the New York Stock Exchange and boasts having two billion dollars in sales and more than 150 Fortune 500 companies as clients.

In 2003, Satyam won a lucrative five-year “sole source” contract to design, write and maintain all of the World Bank’s information systems. The contract, which began at $10 million, had grown to over $100 million by 2007. This year, the contract was not renewed. Satyam has declined to comment.

FOX News claims that outsiders have raided the World Bank Group’s computer network, one of the largest repositories of sensitive data about the economies of every nation, repeatedly for more than a year.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution’s highly restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank’s network for nearly a month in June and July.

The crisis comes at an awkward moment for Zoellick, who runs the world’s largest and most influential anti-poverty agency, which doles out $25 billion a year, and whose board represents 185 member nations. READ MORE…